ITC’s Trade Map country data reaches record high
Up-to-date trade data for more than 110 countries is now available on ITC’s Trade Map, helping businesses and trade support institutions (TSIs) to analyse international trade flows impacting their business, so that they can identify and export markets with potential.
Trade Map contains monthly trade data on 112 countries, up from 94 countries last year and just 66 countries in 2009. Trade Map is the most comprehensive such database available. Access to Trade Map and other ITC Market Analysis Tools is free to users from developing countries and transition economies.
Detailed statistical information on international trade flows allows businesses to use their resources effectively to diversify products, markets and suppliers, and helps TSIs to set priorities in terms of trade promotion, sectors to focus on, promising partner countries and trade development strategies.
Trade Map currently has around 200,000 registered users, 85% of them in developing countries. By transforming the large volume of trade statistics and market access information into an accessible, user-friendly, web-based format, Trade Map provides indicators on export performance, international demand, alternative markets and the role of competitors. As well as monthly trade information, it contains yearly trade data for 220 countries and territories, and all 5,300 products of the Harmonized System, the classification system for all exported goods. Trade data is available at the most detailed level for products (tariff line) on a monthly or quarterly basis for around 112 countries, and on an annually basis for an additional 57.
Trade Map is part of a suite of Market Analysis Tools developed by ITC. The tools – Trade Map, Market Access Map, Investment Map and Standards Map – collectively help to improve international trade transparency and enable companies and TSIs to identify export/import opportunities and compare market access requirements. The tools also help trade policy makers monitor national trade performance and prepare for trade negotiations. In addition, Trade Map gives users access to detailed company data, allowing them to identify potential trading partners.
Trade Map shows LDC exports are rising. During the first six months of 2012, LDCs exports increased by 6.3% compared to the same period in 2011, while world trade flows increased by only 1.1%. Twenty-nine out of 48 LDCs outperformed the world market during this period.
LDCs’ exports have more than doubled over the first six months of 2012 for bicycles, titanium ores, natural sand, non-carded cotton and cloves compared to the same period the year before. For example, exports of cotton from Burkina Faso and wood and gold from the Solomon Islands grew by more than 50% in the first half of 2012. Data from Trade Map also shows that Angola's exports were up by more than 24%, helped by a strong increase in oil exports to China. Growth rates of between 15 and 20% were seen in clove exports from Madagascar, garments exports from Cambodia, and copper and wood exports from Lao People’s Democratic Republic. Meanwhile, exports from Sudan fell by 64% during the first six months of 2012, affected by the shutdown in oil production linked to the tensions between South Sudan and Sudan.